UK holds back Pagegroup’s record quarter

Pagegroup said that it expected its 2018 results to be slightly ahead of analysts’ forecasts of £134 millionGETTY IMAGES

Pagegroup, the recruitment company, reported record profits in the second quarter and said that it would beat analysts’ expectations this year, despite a disappointing performance from its UK business amid Brexit uncertainty.

Total gross profits at the FTSE 250 recruitment firm grew 16 per cent to £208.2 million in the past three months, which was its highest quarterly growth rate for seven years.

Pagegroup, which places people in white-collar jobs, has its headquarters in Surrey and employs 7,500 people.

Its financial results were buoyed by double-digit growth in each of its overseas regions but in the UK, which accounts for just under a fifth of its profits, there was a 1.9 per cent drop in profits because of the “continued impact from the uncertainty related…

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